223-Acre Mixed Use Development Coming To Pompano Beach
The 223-acre project will feature 1.3 million square feet of retail and entertainment space, 4,000 luxury residential units, two hotels, and 1.35 million square feet of Class A office space.
The 223-acre project will feature 1.3 million square feet of retail and entertainment space, 4,000 luxury residential units, two hotels, and 1.35 million square feet of Class A office space.
One of the largest contiguous land sites available in South Florida, the development has a buildable program of 2,500 residential units, 240 hotel rooms, 480,000 square feet of retail space, and 650,000 square feet of office space.
Prior to joining JLL, he began his career in property management with Colliers before moving into retail brokerage with past positions held at Colliers, CBRE, and JLL over the past eight years.
For over four decades, he has actively excelled in the commercial real estate industry, gaining knowledge and expertise across retail, office, medical leasing, land assemblage, acquisitions/dispositions, and development.
The project, called The District in Davie, is expected to cost approximately $1 billion.
Memorial Healthcare System paid $49 million for the property with plans to redevelop the property into “a wellness hub.”
“The market is a shifting from a Seller’s market to a market-in-equilibrium and depending on future interest rate increases, it could shift to a Buyer’s market,” commented Osborne. “Demand is high for all asset classes and certain property types that are harder to locate and in demand and are trading quickly at top values like the 1771 S State Road 7 property.”
The gas station will be the first in Plantation on the south side of busy Broward Boulevard between Flamingo Road and U.S. 441.
Six building structures were cleared to accommodate the new 45-story, twin tower mixed-use project.
A study predicts 45% to 50% increases in Florida, including in inland areas — and a doubling of premiums won’t be out of the question.
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